October 28, 2020
China Lysine: Soaring costs, robust demand strengthen prices (week ended Oct 26, 2020)
Feed producers were keen to stock inventories as soymeal prices soared while hog population in China recovered steadily. With demand robust, lysine producers continued to lift prices while corn prices surged to levels unseen since mid-2014, and were less than 5% from historic high levels.
Export prices of 70-percent lysine were higher at US$0.60/kg.
Lysine producers will stand firm on prices with the costs of production expected to increase due to limited corn harvests in China. Expanding demand due to higher inclusion rates and growing hog feed consumption will lend support to lysine price hikes.
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